Henry Schein in Line

The fourth quarter and guidance match estimates.
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Henry Schein's

(HSIC) - Get Report

fourth-quarter earnings rose 75% from a year ago, as margins improved.

The Melville, N.Y. -based healthcare products supplier made $52 million, or 58 cents a share, in the quarter, compared with $30 million, or 33 cents a share, a year ago. The company earned 59 cents a share on a continuing operations basis, up from 33 cents a share a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 58 cents a share in the most recent quarter.

Revenue rose 15.5% from a year ago to $1.34 billion. Analysts were expecting revenue of $1.33 billion.

In fiscal 2006, the company expects to earn $2.20 to $2.26 a share, excluding stock option expense of 12 cents a share. Analysts were forecasting earnings of $2.23 a share.

Operating profit rose 77.6% to $89.24 million and operating margin increased 233 basis points to 6.7%.

Dental sales increased 17.4%, medical sales increased 20.8%, international sales increased 10.3% and sales from the technology segment increased 4.7%.

"We are pleased to report record quarterly net sales that reflect market share gains in our Dental, Medical and International businesses, which were further bolstered by strategic acquisitions," the company said.

On Wednesday, Schein fell 73 cents to $46.

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